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MSA Safety Inc（MSA）与Penguin Solutions, Inc.（PENG）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Penguin Solutions, Inc.的1.5倍（$510.9M vs $343.1M），MSA Safety Inc净利率更高（17.0% vs 1.5%，领先15.5%），MSA Safety Inc同比增速更快（2.2% vs 0.6%），MSA Safety Inc自由现金流更多（$106.0M vs $28.2M），过去两年Penguin Solutions, Inc.的营收复合增速更高（11.8% vs 11.2%）
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
MSA vs PENG — 直观对比
营收规模更大
MSA
是对方的1.5倍
$343.1M
营收增速更快
MSA
高出1.7%
0.6%
净利率更高
MSA
高出15.5%
1.5%
自由现金流更多
MSA
多$77.8M
$28.2M
两年增速更快
PENG
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $510.9M | $343.1M |
| 净利润 | $86.9M | $5.3M |
| 毛利率 | 46.9% | 28.0% |
| 营业利润率 | 22.3% | 5.7% |
| 净利率 | 17.0% | 1.5% |
| 营收同比 | 2.2% | 0.6% |
| 净利润同比 | -1.2% | 1.0% |
| 每股收益（稀释后） | $2.22 | $0.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MSAPENG
| Q4 25 | $510.9M | $343.1M | ||
| Q3 25 | $468.4M | $337.9M | ||
| Q2 25 | $474.1M | $324.3M | ||
| Q1 25 | $421.3M | $365.5M | ||
| Q4 24 | $499.7M | $341.1M | ||
| Q3 24 | $432.7M | $284.8M | ||
| Q2 24 | $462.5M | $300.6M | ||
| Q1 24 | $413.3M | — |
净利润MSAPENG
| Q4 25 | $86.9M | $5.3M | ||
| Q3 25 | $69.6M | $9.4M | ||
| Q2 25 | $62.8M | $2.7M | ||
| Q1 25 | $59.6M | $8.1M | ||
| Q4 24 | $87.9M | $5.2M | ||
| Q3 24 | $66.6M | — | ||
| Q2 24 | $72.2M | $5.6M | ||
| Q1 24 | $58.1M | — |
毛利率MSAPENG
| Q4 25 | 46.9% | 28.0% | ||
| Q3 25 | 46.5% | 28.6% | ||
| Q2 25 | 46.6% | 29.3% | ||
| Q1 25 | 45.9% | 28.6% | ||
| Q4 24 | 46.9% | 28.7% | ||
| Q3 24 | 47.9% | 28.8% | ||
| Q2 24 | 48.2% | 29.6% | ||
| Q1 24 | 47.3% | — |
营业利润率MSAPENG
| Q4 25 | 22.3% | 5.7% | ||
| Q3 25 | 20.1% | 3.7% | ||
| Q2 25 | 18.1% | 3.0% | ||
| Q1 25 | 18.5% | 5.1% | ||
| Q4 24 | 23.5% | 5.1% | ||
| Q3 24 | 21.1% | -1.2% | ||
| Q2 24 | 21.6% | 3.8% | ||
| Q1 24 | 19.4% | — |
净利率MSAPENG
| Q4 25 | 17.0% | 1.5% | ||
| Q3 25 | 14.9% | 2.8% | ||
| Q2 25 | 13.2% | 0.8% | ||
| Q1 25 | 14.1% | 2.2% | ||
| Q4 24 | 17.6% | 1.5% | ||
| Q3 24 | 15.4% | — | ||
| Q2 24 | 15.6% | 1.9% | ||
| Q1 24 | 14.1% | — |
每股收益（稀释后）MSAPENG
| Q4 25 | $2.22 | $0.04 | ||
| Q3 25 | $1.77 | $0.10 | ||
| Q2 25 | $1.59 | $-0.01 | ||
| Q1 25 | $1.51 | $0.09 | ||
| Q4 24 | $2.22 | $0.10 | ||
| Q3 24 | $1.69 | — | ||
| Q2 24 | $1.83 | $0.10 | ||
| Q1 24 | $1.47 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $165.1M | $461.5M |
| 总债务越低越好 | $580.9M | $462.3M |
| 股东权益账面价值 | $1.4B | $389.7M |
| 总资产 | $2.6B | $1.6B |
| 负债/权益比越低杠杆越低 | 0.42× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资MSAPENG
| Q4 25 | $165.1M | $461.5M | ||
| Q3 25 | $170.0M | $453.8M | ||
| Q2 25 | $147.0M | $735.5M | ||
| Q1 25 | $170.6M | $647.0M | ||
| Q4 24 | $164.6M | $393.7M | ||
| Q3 24 | $154.4M | $389.5M | ||
| Q2 24 | $146.8M | $467.5M | ||
| Q1 24 | $148.3M | — |
总债务MSAPENG
| Q4 25 | $580.9M | $462.3M | ||
| Q3 25 | $628.6M | $461.8M | ||
| Q2 25 | $679.3M | $659.5M | ||
| Q1 25 | $502.1M | $658.8M | ||
| Q4 24 | $508.0M | $658.1M | ||
| Q3 24 | $554.7M | $657.3M | ||
| Q2 24 | $588.2M | $667.0M | ||
| Q1 24 | $596.2M | — |
股东权益MSAPENG
| Q4 25 | $1.4B | $389.7M | ||
| Q3 25 | $1.3B | $394.2M | ||
| Q2 25 | $1.3B | $584.8M | ||
| Q1 25 | $1.2B | $602.5M | ||
| Q4 24 | $1.1B | $400.4M | ||
| Q3 24 | $1.1B | $391.4M | ||
| Q2 24 | $1.0B | $423.4M | ||
| Q1 24 | $994.8M | — |
总资产MSAPENG
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.2B | — |
负债/权益比MSAPENG
| Q4 25 | 0.42× | 1.19× | ||
| Q3 25 | 0.48× | 1.17× | ||
| Q2 25 | 0.54× | 1.13× | ||
| Q1 25 | 0.42× | 1.09× | ||
| Q4 24 | 0.44× | 1.64× | ||
| Q3 24 | 0.51× | 1.68× | ||
| Q2 24 | 0.57× | 1.58× | ||
| Q1 24 | 0.60× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $122.4M | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $106.0M | $28.2M |
| 自由现金流率自由现金流/营收 | 20.8% | 8.2% |
| 资本支出强度资本支出/营收 | 3.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.41× | 5.89× |
| 过去12个月自由现金流最近4个季度 | $295.4M | $116.3M |
8季度趋势，按日历期对齐
经营现金流MSAPENG
| Q4 25 | $122.4M | $31.1M | ||
| Q3 25 | $112.5M | $-70.4M | ||
| Q2 25 | $67.2M | $92.8M | ||
| Q1 25 | $61.8M | $72.9M | ||
| Q4 24 | $107.9M | $13.8M | ||
| Q3 24 | $84.3M | — | ||
| Q2 24 | $53.3M | $57.9M | ||
| Q1 24 | $50.9M | — |
自由现金流MSAPENG
| Q4 25 | $106.0M | $28.2M | ||
| Q3 25 | $100.5M | $-73.4M | ||
| Q2 25 | $37.9M | $90.9M | ||
| Q1 25 | $51.0M | $70.5M | ||
| Q4 24 | $93.5M | $12.0M | ||
| Q3 24 | $70.1M | — | ||
| Q2 24 | $39.0M | $48.9M | ||
| Q1 24 | $39.7M | — |
自由现金流率MSAPENG
| Q4 25 | 20.8% | 8.2% | ||
| Q3 25 | 21.4% | -21.7% | ||
| Q2 25 | 8.0% | 28.0% | ||
| Q1 25 | 12.1% | 19.3% | ||
| Q4 24 | 18.7% | 3.5% | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 8.4% | 16.3% | ||
| Q1 24 | 9.6% | — |
资本支出强度MSAPENG
| Q4 25 | 3.2% | 0.8% | ||
| Q3 25 | 2.6% | 0.9% | ||
| Q2 25 | 6.2% | 0.6% | ||
| Q1 25 | 2.6% | 0.6% | ||
| Q4 24 | 2.9% | 0.5% | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 3.1% | 3.0% | ||
| Q1 24 | 2.7% | — |
现金转化率MSAPENG
| Q4 25 | 1.41× | 5.89× | ||
| Q3 25 | 1.62× | -7.47× | ||
| Q2 25 | 1.07× | 34.88× | ||
| Q1 25 | 1.04× | 9.02× | ||
| Q4 24 | 1.23× | 2.65× | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 0.74× | 10.30× | ||
| Q1 24 | 0.88× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
